Small businesses go out of business all the time.
The national government never has.
This probably explains why federal workers making the same amount of money feel more financially secure than their private sector counterparts, Gallup researchers said Thursday.
For people making less than $24,000 per year, 25 percent of federal workers said they have financial well-being versus 15 percent for employees of private companies. For workers earning $60,000 annually and above, the numbers are 60 percent and 54 percent, respectively.
Gallup noted half of people in the private sector work for small firms, which tend to have a higher mortality rate than big businesses and definitely a shorter life span than the federal government.
Federal workers, too, have the benefit of a personnel system that guarantees and regulates benefits so they can feel secure that something unexpected will not affect their well-being.